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Tag: income tax rules India

ITR Filing 2025: New Deadline and Key Tax Rules Explained

ITR Filing 2025: New Deadline and Key Tax Rules Explained

ITR Filing 2025: The income tax return (ITR) filing time for Assessment Year 2025 is approaching. Taxpayers must note several key changes this year, especially regarding capital gains and filing deadlines. Let’s understand the changes in a simple way. The Union government has extended the ITR filing deadline for salaried individuals and Hindu Undivided Families […]

Income Tax: Is it possible to switch tax regime while filing ITR?

Income Tax: Is it possible to switch tax regime while filing ITR?

With the launch of the new income tax regime under section 115BAC, Indian taxpayers now have the option to switch between two: 1. Old tax regime: Provides deductions and exemptions, but with higher tax rates. 2. New tax regime: It provides lower tax rates, but no deductions and exemptions except for a few. A question […]

Be Careful with Your Savings Bank Account: Know the Tax Rules

Be Careful with Your Savings Bank Account: Know the Tax Rules

Know the Tax Rules: In recent years, digital banking has grown a lot in India. People are using UPI and other online platforms to send and receive money. This has made savings bank accounts very common. But many people do not know that there are some limits and rules for using these accounts. Know the […]

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